Power of Story Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 1 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (2 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments
General News

Scandal Brewing Over Nigerian Fuel Imports

Quicklink Submitted By   Follow Me on Twitter     Message Scott Baker     Permalink

Related Topic(s): ; ; ; , Add Tags  

News 1   Supported 1   Interesting 1  
View Ratings | Rate It


Become a Fan
  (81 fans)
(from Wikileaks):
A scandal is brewing in Nigeria over prices paid by the government for imported fuel. International fuel
traders have been falsifying the dates of bills of lading to reflect particularly high market prices, overcharging the
Nigerian National Petroleum Corporation (NNPC) by $300 million or more.
On April 2, Chris Finlayson, Chairman and Managing
Director of Shell Petroleum Development Corporation of
Nigeria (SPDC), told Consul General and Econoff that a
scandal is brewing within the NNPC over payments made to
international fuel marketers. Finlayson said some marketers have been changing the dates when fuel shipments bound for Nigeria were loaded in order to take advantage of particularly high market prices. He said the total overpayment by NNPC may be as high as $330 million.
Read the rest of the story HERE:

At wikileaks.org


- Advertisement -

News 1   Supported 1   Interesting 1  
View Ratings | Rate It


Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -